Matt Sauer, September 29, 2020 : A recent financial market pundit described the current market conditions by using Darwin’s phrase “survival of the fittest”. Perhaps the biggest lesson out of Darwin’s work is not that evolution is a battle but one of adaptation. The long-term winners are better at adapting to changing circumstances rather than battling with others in the same ecosystem. We have pointed out the virtues of Amazon and Tesla as companies capable of adapting. While far sighted entrepreneurs may be capable of navigating changing conditions, a certain element of our society must adapt quickly or risk severely...Read More